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Tracy McGrady has long aspired to team ownership, and now that he’s secured a stake in the NFL, he’s dedicated to increasing representation in the league. As AFROTECH™ previously reported, the basketball icon was announced as a minority owner of the Buffalo Bills in December 2024. He joins his former Toronto Raptors teammate and fellow Florida native, Vince Carter, as part of a group of 10 limited partners, which also includes soccer star Jozy Altidore. This marks the first time the Bills, owned by Terry and Kim Pegula, have expanded their ownership group. “I’ve always wanted to be an owner of a franchise and really didn’t care whether it’s the NBA, a soccer league, whether it’s in the NFL,” McGrady explained in an exclusive interview with AFROTECH™ held at a private reception that was hosted by Diverse Representation and William Morris Endeavor (WME) on Saturday, Dec. 8 to honor Black professionals in sports. Kevell Byrd McGrady also reveals the backstory behind becoming a minority...
Vince Carter says he leaned on fellow NBA player Grant Hill when he was pursuing team ownership. As AFROTECH™ previously told you, Hill is the owner of several teams. He has a minority stake in the Atlanta Hawks (NBA), Orlando City (Soccer Club), Orlando Pride ( National Women’s Soccer League) , and Baltimore Orioles ( MLB) . Therefore, when it came time for Carter to act on his desire for team ownership, Hill was top of mind. “Grant’s been in a situation where he’s a good friend for a long time and right there in Atlanta (GA). So, my neighbor, ” Carter told Front Office Sports. “He was, in that entire process, somebody that I leaned on, that we talked to because he’s good friends with T-Mac (Tracy McGrady) as well. So we talked to him from the beginning of this process on what we were looking for, what they were looking for, how to go about it and just kind of just listening. He’s like that big brother that I’ve been through a lot with. What better guy than him to ask?” In December...
College basketball coach Leonard Hamilton is being sued for allegedly defrauding several players. According to Yahoo! Sports, former Florida State University (FSU) basketball players Darin Green Jr., Josh Nickelberry, Primo Spears, Cam’Ron Fletcher, De’Ante Green, and Jalen Warley have filed a lawsuit against their former coach. The players claim Hamilton owed them $1.5 million in total through name, image, and likeness (NIL) payments. They say he made promises of payments starting in April 2023, when he held a meeting and allegedly told the players they would receive compensation of $250,000 each. The money was expected to be disbursed by March 2024, but the players claim those funds never materialized even though he continued to assure them that they would be paid. “Every player on the 2023-24 FSU men’s basketball team roster relied on the promises that Hamilton made when they either decided to transfer to FSU or remain enrolled at FSU and play out the season,” the suit said, per...
The Michigan Black Business Alliance has opened a new hub to empower more entrepreneurs and drive economic equity. According to Crain’s Detroit Business, the organization — which focuses on closing the racial wealth gap through access to capital, networking opportunities, and advocacy — is expanding its reach. Since its inception in 2021, the alliance has grown its network from 250 to 1,800 members. “We’re still growing, and our members all have different needs,” Charity Dean, CEO of the Michigan Black Business Alliance, told the outlet. “We did a survey of our members in 2022, and some wanted a commercial kitchen and space for pop-ups. Imagine being able to try out products before you sign a lease to see if there’s a market for what you’re offering.” The Michigan Black Business Alliance has moved into a 5,000-square-foot space at Grand Park Centre at 28 W. Adams Ave. Entrepreneurs will benefit from co-working spaces, conference rooms, a wellness center, and classrooms. Furthermore,...
Nearly 630,000 Fortnite players were reportedly “tricked” into making purchases through the game and will receive a refund. According to a press release, the Federal Trade Commission (FTC) has reportedly accused Fortnite developer Epic Games of leading gamers to make “unwanted purchases” by carrying out tactics through its game button configuration. “For example, players could be charged while attempting to wake the game from sleep mode, while the game was in a loading screen, or by pressing an adjacent button while attempting simply to preview an item,” the press release from the FTC read. It had also been brought to light that Epic Games had allowed minors to accumulate charges without parental approval and blocked gamers who filed disputes of unauthorized charges, preventing them from obtaining items they had purchased. For these reasons, the company received an order from the FTC to refund players in December 2022 who had been subjected to these “unlawful billing practices.” The...
Former NBA teammates and Hall of Famers Tracy McGrady and Vinca Carter have invested in the Buffalo Bill’s organization, which is currently valued at $4.2 billion, per Forbes. According to a post shared on the team’s official Instagram account, the Bills announced 10 limited partners to join the franchise, marking the first time the team has added limited partners. According to ABC News, the group was approved on Dec. 11, 2024, by owners Terry and Kim Pegula, who purchased the team for $1.4 billion in 2014 and will retain a 79% stake. The Buffalo Bills’ ownership group now includes three former Black professional athletes: McGrady, Carter, and former U.S. Men’s National Team soccer player Jozy Altidore. View this post on Instagram A post shared by Buffalo Bills (@buffalobills) Check out the breakdown below. McGrady McGrady is no stranger to the world of business. After retiring from the league in 2013 with $130 million in career earnings, he expanded his portfolio into real estate,...
Ray Davis, a running back for the Buffalo Bills , is known for his talent on the football field and his rising career in the NFL. Throughout his first season, the 26-year-old has been a consistent standout, quickly winning over Bills fans with his stamina and drive. After being drafted by the team, Davis signed a rookie contract that provided him with both a $795K base salary for the year and a hefty $713K signing bonus. NFL rookie contracts, especially for players taken in the mid to later rounds, tend to offer initial earnings in the low to mid millions over the course of several years, and the 25-year-old is no exception. With performance incentives and future contract renegotiations, Davis has the potential to increase his earnings significantly as his career progresses. Running backs who prove themselves on the field often see lucrative second contracts, which can push their net worth into higher figures. All About Buffalo Bills Rookie Ray Davis (Timothy T Ludwig/Getty Images)...
Midterm elections are right around the corner and one former NFL player wants to make sure people are informed about politicians and how they vote. Former Buffalo Bills wide receiver Walter Powell is launching PolitiScope, an app that gives users “player profiles” of Congressional members and other federal politicians. The app details politicians’ votes on legislation, upcoming bills and contact information. In December, Powell and his co-founder Jackson White developed an idea for the app and created a prototype within three months. PolitiScope users can also follow politicians, bills and other legislation to see how they are developing across the country. Users receive push notifications on news related to the politicians they follow and can register to vote through the app. PolticiScope’s interface automatically pulls from government-accredited websites to keep information on the app up-to-date. From there, a team of lawyers puts the information into layman’s terms to ensure that...